Genesis of the "NO" Logo
In history there have been two basic forms of social organization: collectivism and individualism. In the 20th and 21st century, collective variations have included socialism, fascism, Nazism, and communism. Under collectivism, a ruling class of “intellectuals”, bureaucrats, politicians and/or social planners decides what people want or what is “good” for society and then uses the coercive power of the State to regulate, tax and redistribute wealth in an attempt to achieve their desired objectives. Individualism is a political and social philosophy that emphasizes individual liberty, belief in the primary importance of the individual and in the virtues of self-reliance and personal independence and responsibility. It embraces opposition to controls over the individual when exercised by the state. The Preamble to our Constitution makes it plain that all power rests originally with the people, as individuals.
The “O” within the circle represents collectivism in its various forms. The “N” represents an emphatic repudiation of collectivism. The red, white and blue circles encompassing the “NO” are emblematic of our Republic. It is the responsibility of the individuals in an engaged and enlightened republic to limit the influence of the government, especially one that attempts to wield power outside the boundaries delineated by the Constitution.
"The things that will destroy us are:
politics without principle;
pleasure without conscience;
wealth without work;
knowledge without character;
business without morality;
science without humanity;
and worship without sacrifice."
-- Mahatma Mohandas K. Gandhi
(1869-1948) "For the great majority of mankind are satisfied with appearances,
as though they were realities, and are often more influenced
by the things that seem than by those that are."
-- Niccolo Machiavelli
(1469-1527) Italian Statesman and Political Philosopher
"Those who can make you believe in absurdities
can make you commit atrocities!"
-- Voltaire
[François Marie Arouet] (1694-1778)
This is a great article by Detlev Schlichter. He writes "
it is my conviction that the central problem with the present system is the high degree of elasticity of the money supply. A system of constant fiat money expansion, of ongoing injections of new money into the economy via financial markets – sometimes slow, sometimes fast – must systematically distort interest rates and disarrange saving and investment. This will lead to capital misallocations and the mispricing of assets. As these distortions are systematic, the resulting dislocations are bound to accumulate over time and thus progressively destabilize the economy. Elastic money is suboptimal, unstable and unsustainable".
Derivatives are the “meat and meat by-products” of the financial markets. They look, smell and taste just like regular securities, but almost no one understands why we need them in the first place. After all, what’s wrong with actual meat? Or to re-phrase the question: Is Spam really an advancement over ham?
Read more: "Net Sober" http://dailyreckoning.com/net-sober/#ixzz1v9OXcRAj
